Delaware Chancery Court held duty of oversight extended to corporate officers. Decision came after McDonald’s shareholders sued former head of human resources for breaching duty of oversight by allowing corporate culture to develop condoning sexual harassment and misconduct.
In 2020 and 2021, Special Purpose Acquisition Companies (SPACs) were all the rage. A SPAC is a “blank check company,” publicly traded, and organized for the purpose of merging with a.
Current and former Boeing Company directors agreed to a $237.5 million settlement to resolve claims that they ignored safety issues concerning Boeing’s 737 MAX aircraft. One of largest derivative settlements of all time, the entire settlement is to be funded by the company’s D&O insurers.